Newsroom
Mecklenburg jobless rate in December unchanged from year before
Feb. 5. Unemployment rates (not seasonally adjusted) decreased in 95 NC counties in December 2024, increased in four, and remained unchanged in one. Mitchell County had the highest unemployment rate at 7.3 percent while Currituck County had the lowest at 2.7 percent. Mecklenburg county was at 3.2 percent, same as December the year before and […]
Newsmakers Breakfast Feb. 21 focuses on local development
Feb. 4. The Newsmakers Breakfast Feb.21 at The Peninsula Club will center on the state of local development, with developers pitted against residents and residents—and local governments—up against outdated rules about impact fees. Three speakers will be part of the audience-driven Q&A session over breakfast at The Peninsula Club starting at 7:30 am. Robby Carney: […]
Consumer debt: NC is 2nd best in terms of accounts in collection
Jan. 30. According to a WalletHub report, North Carolina scored second-best in a nationwide study based on the number of accounts that have gone into collection. Mississippi was in the best shape, debt-wise, while Wyoming was the worst. A collection account is a debt that has gone unpaid for such a long period of time […]
NC jobless rate climbs slightly from one year ago
Jan. 28. The state’s seasonally adjusted December 2024 unemployment rate was 3.7 percent, unchanged from November’s revised rate. The national rate decreased 0.1 of a percentage point to 4.1 percent. North Carolina’s unemployment rate increased 0.1 of a percentage point from a year ago. The number of people employed increased 1,224 over the month to […]
United Bankshares results
Jan. 28. United Bankshares, which has branches in Mooresville and Denver, reported earnings for the fourth quarter of 2024 of $94.4 million, or $0.69 per diluted share. Fourth quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.25%, 7.48%, and 12.03%, respectively. Earnings for the […]
Business commentary: What’s happening with NC manufacturing?
Jan. 27. By Mike Walden [Commentary] Manufacturing has a special place in our economy and is something people can easily relate to. The output of manufacturing companies, spanning a variety of items from vehicles to clothing to chairs, are things people can directly see, touch, feel and use. Background Manufacturing also has an important place […]
Affordable home prices boost net in-migration to Carolinas
Jan. 24. A southern migration has been steadily unfolding across the US—driven by the search for more relaxed housing markets—and the Carolinas are the beneficiaries—depending on your point of view. In 2023, 46 percent of net interstate migration flowed into the South, with another 25 percent heading west, according to StorageCafe’s new migration study based […]
Huntersville New Corporations
Jan. 23. These businesses have registered with the North Carolina Secretary of State. 11/18/24 360West LLC, Lindsay M. DelGrosso, 15910 Agincourt Dr., Huntersville 11/18/24 Elyse Collection LLC, Josie L. Nasife, 17604 Cambridge Grove Dr., Huntersville 11/18/24 Healthy Lens Media LLC, KJS Enterprises LLC, 14316 Reese Blvd. W Ste. B, Huntersville 11/18/24 Victory VA Claims Consultants […]
Economic development: 2024 was a good year
Jan. 22. The State of North Carolina announced 16,956 new jobs last year, representing 218 business recruitment projects. The NC Department of Commerce says they’re worth $15.2 billion in new capital investment. The 2024 performance tops 2023’s announcements of 14,114 jobs and $12.9 billion of capital investment. The North Carolina Department of Commerce serves as […]
EnergyUnited Foundation recorded $850,000 in grants last year
Jan. 21. Statesville-based EnergyUnited Foundation gave a total of $850,000 to nonprofit organizations, individuals and families in 2024, with 75 organizations requesting support. Of those, $300,000 was granted to nonprofits focused on addressing critical needs such as housing, utilities and humane needs. Fourth-quarter donations totaled $175,000 for non-profits. In addition to funding that was provided […]
